Jason Beattie

Sherwood Park Condos

There were 10 condo sales with 66 condos on the market in Sherwood Park, Alberta last week.

The least expensive condo that is currently listed for sale (1 Bedroom / 1 Bath / 602 square foot in Summerwood) is listed for $176,000 and the most expensive condo (1+1 Bedroom / 3 Bath / 1,530 square foot gated condo in Nottingham) is Listed for $625,000.

The least expensive condo that sold last week in Sherwood Park (2 Bedroom / 1 Bath / 828 square foot in Woodbridge Farms) was listed for $179,900 and the most expensive condo that sold last week in Sherwood Park (1+1 Bedroom / 3 Bath / 1,204 square foot in The Ridge) was listed for $419,000.

This means that there were a total of 66 condo listings and 10 condo sales in Sherwood Park, Alberta last week for a absorption rate of 6+ weeks. This means that if not another home comes on market (which isn't very likely) in Sherwood Park there is more than a 6 week supply of condos on the market.

Please "click here" to see the additional details about this weeks Sherwood Park condo sales

Sherwood Park Homes

There were 15 home sales with 176 homes on the market in Sherwood Park, Alberta last week.

The least expensive home that is currently listed for sale in Sherwood Park (0+3 Bedroom / 2 Bath / 678 square foot in Broadmoor) is listed for $176,000 and the most expensive home in Sherwood Park (5+1 Bedroom / 5 Bath 3,675 square foot in Estates of Sherwood Park) is Listed for $1,200,000.

The least expensive home that sold in Sherwood Park last week (2+2 Bedroom / 2 Bath / 1,044 square foot in Glenn Allen) was listed for 284,900 and the most expensive home that sold in Sherwood Park last week (3+2 Bedroom / 6 Bath / 2,488 square foot in Estates of Sherwood Park) was listed for $728,000.

This means that there were a total of 176 listings and 15 single family home sales in Sherwood Park, Alberta last week for a absorption rate of 11 weeks. This means that if not another home comes on market (which isn't very likely) there is almost a 3 months supply of homes on the market.

Please "click here" to see the additional details about this weeks Sherwood Park condo sales

Housing prices and sales increase in AprilEdmonton, May 4, 2009: Sales activity on the Edmonton Multiple Listing Service® increased in April as compared to last month and April 2008. There were 3,019 residential properties listed in April with sales of 1,843 (up 33.6% from last month and 1.1% from April 2008).

The average* price of single family homes in the Edmonton area was up 1% from March but, at $353,386, was still 8.5% below the last April price of $386,033. Condo prices were up 2.4% from last month to $236,020 while duplex/rowhouse prices were up 5.2% at $291,068.

"Increased sales activity is evident in most real estate offices and some REALTORS® are reporting multiple offers on select properties," said Charlie Ponde, president of the REALTORS® Association of Edmonton. "However, inventory is still relatively high and sellers should price their properties aggressively to attract offers."

The number of residential properties available through the MLS® System on April 30 was 7,539 - up 1% from last month but well below the glut in April last year when there were 10,606 properties available. The year-to-date sales-to-listing ratio is just 46% but the April S/L ratio of 61% is an indicator of increased activity. Average days-on-market in April was 51 - a number last seen in March 2008.

"REALTORS® are optimistic about the Edmonton market," said Ponde. "In-migration figures are positive, retail sales in Alberta are still higher than the rest of the country and unemployment figures are lower than other parts of Canada. First-time buyers are entering the market because of historically low interest rates and renovation incentives are encouraging move-up buyers to consider relocation."

Total sales through the MLS® System for the month were valued at $635 million with a year-to-date total of $1.75 billion. Total YTD sales value is down 23% from the same time last year but sales are off by just 16%.

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Highlights of MLS® activity

¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices

* Average prices indicate market trends only. They do not reflect actual prices, which may vary.

A first time home buyers seminar is coming to the Bank of Montreal in Sherwood Park on May 21st, 2009. You will find experts speaking on financing in today's market, the real estate market and what a buyer needs to consider, the lawyers perspective on buying a home as well as all the details that a home inspector will address and how this simple step could save you thousands. It will be from 6:30 to 8:00 and prior registration is mandatory as seating is limited so you can register either by call Shelley at 780.952.3482 or emailing Shelley.Robertson@BMO.com

Here is a brand new website that is being designed as the premier site for real estate information for the Sherwood Park, Alberta area. www.MoveToSherwoodPark.com. Feel free to visit often and see how the site grows with the community. It will contain all you need to know, from school info, current market trends as well as community events and neighbourhood info. I look forward to seeing you there.

We currently have a buyer who is looking to buy an older home in the areas of Brentwood, Broadmoor, Glen Allan, Maplegrove, Maplewood ,Mills Haven and Sherwood Heights. Ideally they would like one with a garage but not essential. Prefer a quiet street. If your home requires some updating that is fine as well. They prefer 3 bedrooms upstairs and the number of bathrooms isn't as important. They have been fully qualified by the bank and so they are just waiting to find the right home. If you home matches these criteria and you are thinking about selling your home... please email me today at jason@letstalkhomes.ca or call me on my cell at 780.239.3902 and I would love to speak with you about it.

If your home is currently listed for sale with a Broker, please disregard this post as we would have already been exposed to your home through the MLS system. It is not our intent to solicit any properties that are currently listed for sale with another Broker. We co-operate with them fully.